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ESSEL GROUP CRISIS
Packaging firms remain upbeat on FY27 growth despite raw material volatility amid West Asia crisisDespite these disruptions, companies like EPL Ltd, Uflex, and TCPL Packaging remain optimistic about FY27 growth, driven by strong domestic...
HDFC AMC pays Rs 4.2 crore to market regulator Sebi to settle Essel Group caseThe regulator has settled this dispute with HDFC Mutual Fund after it said that it has already compensated investors of the affected mutual...
Essel Chief’s stake sale talk lifts ZEE stockEssel promoters will use the stake sale proceeds to repay a large portion of the debt.
Essel gets more time from mutual funds to repay loanThe fund houses have an outstanding of over Rs 11,000 crore from Essel Group.
Zee Entertainment gains 5% after lenders agree to extend timeline for Essel Group“Lenders have extended support to the Group and its promoters,” the report said.
MFs start dumping pledged ZEE shares as payment date nearsAn Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.
Zee likely to opt for offer by financial investor for stake saleThe brass of the Essel Group have been deliberating the pros and cons of both offers.
Singapore based First Degree to buy Essel para banksThe asset manager is likely to buy 100 percent equity in Essel Finance Business Loans Ltd and Essel Finance Home Loans Ltd. The deals are l...
Reliance MF sells pledged ZEE shares worth Rs 410 croreReliance Mutual may have unwound all the pledged shares of Zee after the sale.
Stake sales process of Zee at an advanced stage: Essel GroupThe group cannot share any additional details at this stage due to confidentiality agreements, it added.
Zee horror show: Mutual fund investors in 6 Kotak debt plans get a scareInvestors will get maturity amount minus value of holding in Essel and balance when fund house recovers money.
Debt mutual funds with Zee exposure send investors into a tizzyThis is the first time investors in FMPs are not getting repaid in full on maturity.
List of FMPs exposure to Essel Group and IL&FS maturing in April and MayAccording to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days.
Promoter entities sell Zee shares in open marketEssel group stocks crashed up to 33 per cent on January 25, 2019 .
Essel promoters open to selling over 50% of their stake in ZEEL, in talks with over 2 buyersAs on December 31, 2018, promoters held 41.62 per cent stake in ZEEL.
Zee,DHFL,IL&FS crises exemplify poor corp governance: Franklin"It is a big worry for us in terms of the strength of governance," Franklin Templeton Investments India chief investment officer Anand Radh...
Essel promoter entities sell shares worth over Rs 1,050 cr in 6 listed firmsEssel group raised Rs 874.11 crore through sale of stake in Zee Entertainment.
Essel Group strikes deal with lenders to avert pledged share crisisThe Aditya Birla Sun Life Mutual Fund is the biggest investor, with an exposure of Rs 2,936 cr.
All eyes on Zee, Dish TV stock movementAt least 11 mutual funds have an exposure of Rs 6,600 cr to the Essel Group’s debt securities.
Essel group denies link with Nityank lnfrapower over money laundering allegationsZee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company a...